PoS operators surcharge for new naira notes

Written by on January 27, 2023

Some Point of Sale (PoS) operators in satellite towns of the Federal Capital Territory (FCT) are making brisk business with the new naira notes.

The Bank of Nigeria (CBN0 has fixed Jan. 31 as the deadline for the use of the old naira notes.

Some of the Pos outlets visited were either not dispensing the new notes or charging extra cash for them.

Miss Dera Akoh, an operator of pos was charging N200 for each N2000 new notes dispensed.

She decried that banks were not also dispensing enough new naira notes to them.

She appealed to CBN to institute a monitoring mechanism for banks to ensure that they were not using the new naira notes for other businesses to the detriment of the masses.

The Automated Teller Machines (ATMs) in most banks visited along the Central Area, FCT, were not dispensing cash.

Some customers seen at Sterling and First Banks along the area regretted that the new notes were not in full circulation.

They urged CBN to make the notes available for people to access and use with ease. (NAN)(www.nannews.ng)

There have been appeals from various quotas to the CBN to extend the Jan. 31 deadline for the collection of the old naira notes.

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